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Prepare a schedule of cost of goods manufactured for a company based on the following information: Beginning raw materials inventory $5,000, Purchases of raw materials

Prepare a schedule of cost of goods manufactured for a company based on the following information: Beginning raw materials inventory $5,000, Purchases of raw materials $20,000, Ending raw materials inventory $8,000, Direct labor $15,000, and Manufacturing overhead $10,000. Additionally, analyze how changes in raw materials inventory levels affect the cost of goods manufactured and the company's overall production efficiency and profitability.

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